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CNBC
Oct 8, 2012 7:00pm EDT
on top and it sets up the vice presidential debate on thursday between paul ryan and vice president joe biden, larry. >> all right. i'm looking for some rock 'n roll in that debate, john. >> you'll get it. >> many thanks to john harwood. let's get right to the distinguished panel. former assistant secretary of defense larry corps who worked in the reagan administration and richard williamson who is a senior romney foreign policy adviser. welcome, gentlemen. ambassador williams, i read the speech and tried to read it carefully. mitt romney is very critical of how president obama handled the benghazi killings and so forth and security risks. i want to ask you though specifically. in your judgment does mr. romney believe there was a cover-up going on in the white house when they put out susan rice, they already knew it wasn't the video. it was actually the al qaeda terrorists and others related to it that? will romney in the debate next week talk about a benghazi security cover-up regarding the baha obama white house? >> thanks for letting me be on. benghazi has to be seen we had 20 embass
CNBC
Oct 9, 2012 7:00pm EDT
opposi opposite directions. >> thursday night, joe biden is going to have his hands full with paul ryan. not only because ryan is smart but he is young looking and the youthful vote is going to flock to him. i think that is joe biden's biggest problem. >> i think he has been a liebility on the ticket and has had problems telling the truth. >> it has not been documented. >> i would like to ask you all a question, if you were president obama or his campaign and you heard governor romney say in a big foreign policy address that the -- >> you have gotten it wrong. >> i'm not going to accept the premise. >> he said negotiated. >> no, he didn't. >> look at the transcript. >> that is the truth. he has done as little as possible on trade. >> we will see on thursday night how the ryan debate goes with joe biden. right now i have to tell you ed, your man is in a heap of trouble. i appreciate it. >> jennifer rubin and steve, thank you very wuch. and to our big tweet. you have to love our cnbc intern. hi, don'those adds. coming up. an investigation exposes how the president's campaign may have viol
CNBC
Oct 3, 2012 8:00pm EDT
as has paul ryan and certainly the vast majority of republicans in the house. which is a commitment not to raise overall taxes. romney's committed to cutting all tax rates at least 20%. ryan and the house republicans want to go to a top rate of 25% corporate and individual. romney's made it clear. any changes are in the context of keeping overall taxes from going up and making sure the middle class doesn't get hit request higher taxes. it's not a tax increase, he's made that clear. >> mr. secretary, a lot of discussion about whether or not the wealthy or the middle class families in america benefit more from any limit of deductions. >> well, a limit of deductions actually would hurt the wealthy to the extent that we're talking about a deduction that the wealthy take in very, very large amounts. a limit on those deductions makes some sense in terms of a progressive tax system. >> what do you think the plan for the president will be tonight? terms of tax reform, mr. reich? >> the president has said that he wants the so-called buffett rule that is a minimum tax particularly in regard t
CNBC
Oct 8, 2012 6:00am EDT
. so we have to see whether paul ryan, who is very smart policy guy, can beat joe biden who makes shall mistake, but he's been around a long time and he those some thing. p. >> you wrote a column suting the debates ultimately are oftentimes historically irrelevant, that they don't change the outcome. is there something specifically happening this time that's different? >> what i said in that story was that historical pattern is that usually even if you have a surprisingly good first debate for one party or the other, usually they don't change the trajectory of the campaign. but every once in a while, and 2000 is the best example, a whole series of thins come together and the vice presidential debate is important in that process to accelerate the wave or stop it. and that's what we'll find out in kentucky later. >> you said the jobs number doesn't matter. is that in part this whole jack welch thing over the weekend around whether the numbers are real, does that matter in all of this? >> i think the jack welch stuff was crazy talk. and earlier in the year when you guys were down in washin
CNBC
Oct 3, 2012 3:00pm EDT
should go to something like the paul ryan house plan he introduced a couple years ago which would eliminate virtually all deductions and credits and use the money to simplify the tax structure down to 10 and 25%. romney needs to be more bold here. his running mate has the bold ideas for tax reform. that's where we should be going here. >> you know, we've had various members of the house ways and means committee on this program in the last six months. almost to the person they say they want to initiate some sort of overall tax reform for next year that would move toward a tax simplification. we've heard this for years, but that's what's on their agenda. david, i wonder that would work counter to what mitt romney is proposing now. >> tax reform is a heavy lift. lots of vested, strong interest groups are going to fight eliminating the mortgage interest deduction, eliminating the charitable deduction. any of that will be a tough lift. go back to the basic math problem romney has. he wants to cut tax rates, which would cost about $900 billion a year, according to estimates, which means
CNBC
Oct 5, 2012 7:00pm EDT
, the takers versus the makers as paul ryan said. >> he misspoke on that. >> he spent 17 days doubling down, defending that remark. suddenly when he realized poll numbers were tanking, he comes out on fox news and says i didn't really mean that. >> the rasmussen polls out today show that mitt romney has a nice bounce from that debate. >> three states. hang on a second. but jedadai, mitt romney said he was wrong on the 47%. i think that was pretty good of him to say that. show as ls a lot of character. has president obama said he was wrong when he made the statement that he was wrong when he said you didn't start that business? i don't think i heard him take that back. >> the reason he couldn't have to do that is the media doesn't hold barack obama accountable. the media only holds republicans accountable when they make mistakes and misspeak. mitt romney did have character in saying that. he wanted to make sure those 47% of americans, some of whom don't pay federal income taxes but are supporting governor romney and don't support a message of big government -- >> the reason why he didn't say
CNBC
Oct 4, 2012 4:00am EDT
it really do enough to change the dynamic in the race. next week it's paul ryan and joe biden. and then two more presidential debates. we'll watch the polls for see the impact. >> what was your verdict? we all have our own panel of strategists that will be coming up at 11:30 cet, that's 5:30 eastern. but we do want to hear from you, as well. what did you make of the debate and performance of each of the candidates? you can send us an e-mail at worldwide@cnbc.com. or via twitter, follow the sh show @cnbcwex. or tweet me directly. several of you already writing with your thoughts. @beccymeehan. let me know what you think about the u.s. presidential debate. there are still more to come and we'll get to some of your comments later this the show. now, one of the other big stories today, the european central bank meets in slovenia, expected to hold back on any action as it waits for spain to decide ifle it will finally ask for a bailout. silvia wadhwa is reporting for us from the outskirts of the slovenia capital. we obviously know the ecb travels around to these events, but where are you exactly
CNBC
Oct 2, 2012 7:00pm EDT
,000 that was the number that paul ryan floated today. things that trouble me. i don't want middle class taxes to go up at all. so i'm worried about not just the mortgage deduction, the kiddy credit, health care deductions and earned income tax credits and i'm a little concerned, i would have to see the details, i want it to red line all middle class deductions and soak the upper end whose rate comes down to 28. >> the chances are of somebody making $80,000 or less, you are probably not going to hit them on the earned income tax credits, probably pretty unlikely. but you are right. it could be a problem with the middle class. you have to see the fine print. did romney release the fine print? >> interview from the fox affiliate in denver. can i ask you? >> let me say this, this is the first time in a long time that i disagree wednesday yo disagreeed with you. if you can trade in people in the middle class to increase their investment i'm all for it even if it means a small investment in the amount that they pay. >> why not get rid of that in terms of the corporate tax rate. >> i'll take it. >> sorry how
CNBC
Oct 5, 2012 6:00am EDT
't. are you playing paul ryan with have not -- because i hope it's not going to be in a high altitude -- i don't know whether vice president biden is also affected fwhi thin air, but hopefully you've got it at a sea level place. apparently tony, romney was training in the mountains around boulder and he had all his blood cells -- >> one of the funniest things i ever saw. >> the altitude affects romney differently. i think he breathes a little more. >> he's taller. >> maybe he trained for the debate in denver. right some remember max company city? >> i'm glad you're entertaining yourself. >> all preparation that matters, right? >> it is. jarrett, what do you think, are people underestimating the vice president's abilities with paul ryan? >> if they aren't, they shouldn't. he's quick on his feet. he's good at linking things to a narrative. i can't imagine he would want to go into the weeds with paul ryan and talk about budget baselines. he'll talk about the kind of narrative, the middle class, the folks that he believes -- >> the ones buried in the last four years? >> i think joe biden really do
CNBC
Oct 3, 2012 12:00pm EDT
. and if that occurs, the reform as essentially written will go into place. if romney/ryan win, i think all bets are off. >> so if romney wins, you have to change your investment thesis and your ideas for what stocks could work in a romney administration? >> no, not really. you've had me on the program several times and i consistently try to talk about did your only investment themes. and that's one category is innovation, that's important new medicines for grieve vus illnesses. and another theme that will be with us regardless of who the president is and who controls the senate and house is cost of health care. yes, i would submit to you that if romney wins, it's going to have a knee jerk response to a few of those sectors, but what i'm really talking about and what we're focused on is things we think will unfold over the next many years. >> among your top five holdingses you have gilead in there, so that goes toward the technology and development of drugs. how about some of the other best picks in your portfolio right now? >> well, one that i want to share with the audience is a little small c
CNBC
Oct 8, 2012 12:00pm EDT
. it is a cheap housing play. it is headed into the holiday season. >> bed, bath and beyond. next one from ryan -- is it time to get into home builders? he noticed a strong residential and commercial demand. >> i wouldn't be buying home builders right here. i think they're all overly extended. we like the suppliers. home depots, even the drif plays like wells fargo that owns 33% of the mortgage market. clearly the housing game is in play but not the toll brothers. go with the derivative plays. >> seema, thanks. >>> catch strapped state and local governments across america are increasingly betting on casinos to help raise revenue. which stocks are cashing in on that trend, we'll turn to cnbc's brian schactman live at ohio at the opening of the hollywood columbus casino. not a bad assignment for the day, brian. >> reporter: not bad, although i only get to watch right now. we got to wait until i get off the clock. this had is a huge deal for ohio. they get jobs, they get tax revenue and they have a casino on a property that was actually abandoned. the question we want to ask on "fast money," what'
CNBC
Oct 3, 2012 9:00am EDT
romney's proposed with paul ryan an ambitious reformation of the program that would go to voucher, but he hasn't said what the level of the voucher would be or the growth rate in the voucher. if you don't specify that, you can't specify what your savings will be or the impact on consumers. and finally president obama last year in the grand bargain talks with house speaker boehner talked about more ambitious proposals than medicare than he's advocated so far like raising the eligibility age from 65 to 67. hasn't said a word about that in the election campaign so far. you can expect the two to clash on that issue, as well. >> john, i know you've looked at some poll numbers from the journal and nbc news. maybe a slight tightening on a national level. but certainly in some important states like ohio, the president continues to lead. i know you've said the romney strategists believe they need ohio. if it's mathematically possible to win without it, why do they still believe they need it? >> well, because if you don't win ohio, you're probably not going to win, say, wisconsin, which is another
CNBC
Oct 4, 2012 9:00am EDT
thing that would worry me is if i really believed that romney and ryan were going to get elected and they were going to come in and dramatically cut government spending, that would lead to a recession, and that would worry me. but i don't think they're going to get elected, but more importantly, i don't think they would do that if they did get elected. nears no republican that ever has. i think ceos are focused on what the consumer is doing, what are their customers doing. and as jim cramer said a little earlier, i think between 23 and 27 minutes of the world's focus was on this last night. the people have moved on to more substantive topics now. >> so the bottom line is that it does not matter for a domestic business who gets elected? when it comes to the fundamental -- >> i think it does matter, but i think it matters because i think barack obama is the person who is most likely to be able to continue growing the economy. and the things that romney has proposed are unlikely to be successful. but i don't think ceos react to something like a debate. you know, they're looking at t
CNBC
Oct 8, 2012 9:00am EDT
this thursday on the 11th you've got paul ryan and vice president joe biden. this is going to be very important for obama's effort to stave off romney. then on the 16th you got the second obama-romney debate. on the 22nd final obama-romney debate. then the last friday before the election one more jobs number. my own inclination the job numbers aren't quite as "game change"ing for debates as for the reason voters know how they feel about the economy. they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground states this race can go either way. >> interesting. then we got the governor, of course, speaking at vmi about foreign policy, an area for which a little while he appeared to want to take the campaign, at least before the debate. how ground moving is this? >> reporter: i don't think it's very ground moving. it's not what people will vote on. for romney it's an effort to press a leadership advantage which may be one of the things that move the numbers for him after the de
CNBC
Oct 2, 2012 6:00am EDT
on taxes, yesterday you were on the paul ryan clip, but there is a debate over the romney tax plan, not that he's not going to lower taxes, he may lower taxes and that may be a good thing for the economy, but the question is ultimately does it bring in enough revenue to make it revenue neutral? one of the things they have said about republicans is it would lower the deficits but the taxes have exploded under them. your views? >> there's no question the deficits have exploded under them. the last two decades among the two wars and the mistakes in my opinion, we blew a lot of money. multiples of what we blew before. so, you know, my attitude is that -- >> jimmy, my question is do you have any confidence no matter who is in office that actually the hard cuts that need to be made ultimately to make any text plan deficit neutral are actually going to happen? >> and my question to you comes down to a simple question. >> do you believe in the tooth fairy? >> who does the president listen to? i wonder if you could name for me four or five executives who have been advising the president and
CNBC
Oct 3, 2012 6:00am EDT
that the choice of ryan would scare people. >> he's up in all the polls with people over 65, though. >> right. but senior citizens are the strongest element of romney's coalition. doing very well with them right now. >> john, i know that every day as we get closer to the election, we need things to talk about, and the polls are all we have. how many people was this, 849 or something? what's the number? >> you talking about the national poll? >> yeah, either one. >> in the swing state polls, we do 1,300 registered voters. >> doesn't matter what the actual numbers are. i remember taking statistics, so i understand standard -- i understand how they try to make it scientific. but you know what i'm saying. you take any 900 people at any given tile and you think about 200 million people, whatever it is, but then we microanalyze the moist minute details because that's what we do as journalists. i can give you polls -- i saw a poll last week that had -- it was plus-four for the president, and then another one was down six. it was an individual state. and then you got the deviations between rasmussen
CNBC
Oct 4, 2012 6:00am EDT
next week against ryan. that should be good, don't you think? >> i do. >> steve see you back in a bit? >> we'll talk about draghi at 8:30 and jobless claims. >>> right now breaking news, julia boorstin has more on what's happening with facebook. >> that's right, the facebook announcing it has 1 billion monthly active users and 600 million mobile users, mark zuckerberg saying, making this announcement saying "i'm committed to working each day to make facebook better for you and hopefully one day we'll be able to connect the rest of the world." this is a major milestone for the company. facebook hit 500 million active users, doubling its size in two years. mark zuckerberg taped an interview with matt lauer airing exclusively on the "today" show shortly, that sitdown his first since the ipo coming up later this afternoon. >> yesterday afternoon i saw a headline, facebook is going to charge you $7 if you want to send posts, headlines to your friends. sounded crazy. >> facebook is testing all sorts of different ad models and facebook gives you the option of paying to promote your post to y
Search Results 0 to 16 of about 17